PYMNTS

JANUARY 27, 2021

The banking industry faces many day-to-day business challenges, including competition with digitally native FinTechs and the ubiquitous social distancing restrictions brought on by the pandemic. Some cybercriminals steal other individuals’ identities, while others construct new ones for synthetic identity fraud.

Innovation 85

Innovation Security Bots Identity Theft 85

PYMNTS

FEBRUARY 13, 2020

Between synthetic ID fraud and good old-fashioned identity theft, buttressed by the reams of available consumer data, said Xie, cybercriminals have gotten better at looking like real consumers – making it all the more imperative for the security industry to realign its paradigm with the lifecycle habits of legitimate users.

Authentication 98

Authentication Bots Identity Theft Mitigation 98

PYMNTS

OCTOBER 9, 2020

state employment programs to phishing scams with bad actors claiming to represent retailers — such as luxury brand Vince Camuto in one recent email scam — to good old-fashioned identity theft. These schemes range from tailored attacks against U.S.

Verification 83

Verification Consumer Online and Mobile Banking Scams 83

PYMNTS

AUGUST 7, 2019

Building Ubiquitous Access. SMS may not work terrifically well as an authentication tool, but it does have one massive advantage and selling point: It is ubiquitous. Preventing mobile account takeovers of existing accounts, or recognizing and proactively thwarting identity theft are two of the most common.

Authentication 44

Authentication Consumer Authentication Consumer Ubiquitous 44

FICO

NOVEMBER 1, 2022

For some products almost 1 in 5 people say they have abandoned opening an account because they found identity checks too difficult or time-consuming. As you would expect, those products that are ubiquitous, such as credit cards (18%) and chequing accounts (19%) had the most respondents say that they had given up on opening an account.

Checks 52

Checks Identity Theft Risk Accounts 52

Stax

JULY 9, 2024

Many cash-only businesses have an ATM onsite, given how ubiquitous debit cards are. Data breaches that compromise consumer payment or sensitive business data, identity theft, and other forms of fraudulent transactions are all current threats of doing business—however, that is simply part of doing business in today’s digital age.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Nanonets

SEPTEMBER 28, 2023

Ubiquitous Acceptance While some newer EFT methods, like digital wallets, are still gaining global adoption, the majority—such as debit cards, wire transfers, ACH transfers, and ATMs—are now considered fundamental components of the global economy. Be sure to only make EFT payments to businesses and individuals you trust.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52